Cardano has been the most dominant altcoin in the market since it recouped 100 percent of its lost price in June. At press time, it is posting a double-digit 24-hour price gain, the highest among the top-10 and occupies the 6th spot on the coin ladder, with a market capitalization of $3.83 billion, ahead of...Read More
Disclaimer: The findings of the following article attempt to analyze the short-term trends forming in the Litecoin market and its impact on the price. Litecoin’s price rise has been nothing short of expected and unexpected. Expected because being digital silver to digital gold, the cryptocurrency was bound to see an anchor-effect of a Bitcoin rise....Read More
The last few days have seen the crypto-market note a trend reversal of sorts. While most large-cap cryptos like Bitcoin and XRP finally saw some price movement that pushed these cryptos up the charts, few of the past few months’ best-performing cryptos like Chainlink and Tezos registered corrections. The latter’s movement was especially interesting since...Read More
EOS and Ethereum Classic were among the altcoins to profit from the appreciation in Bitcoin’s price a few days ago, a development that came on the heels of U.S regulators giving the green-light to national banks with respect to crypto-custody services. However, not all alts followed the lead, with some like Basic Attention Token refusing...Read More
It appears to be obvious that the boring days of Bitcoin trading are over. The cryptocurrency went on a spree over the past week, gaining more than 10% and breaking the coveted $10,000 mark for the first time since June. Bitcoin Price Does it Again: Over $10,000 The past couple of weeks were fairly boring...Read More
Despite more and more people predicting that an altseason might be on the horizon, Bitcoin continues to be the market’s most dominant cryptocurrency with a share of over 60%. In fact, Bitcoin catalyzed the crypto-market over the last few days by noting a significant hike after the OCC announced that nationally chartered banks in the...Read More
The cryptocurrency market has been stuck in a rut for quite some time now, with most of its major cryptos choosing to consolidate their positions. In fact, Bitcoin, the world’s largest cryptocurrency, has been noting a kangaroo market of sorts, one wherein it has been jumping between its immediate resistance and support. This trend in...Read More
Disclaimer: The findings of the following article attempt to analyze the long-term trends forming in the Litecoin market and its impact on the price The cryptocurrency market has been struggling under a lot of pressure lately, a development that has inhibited its growth. Such downward pressure was shared by many of the market’s cryptos like...Read More
The space of Decentralized Finance (DeFi) is undoubtedly where all eyes are right now. The value locked in lending protocol continues to surge, and it shows absolutely no signs of slowing down. Every day is riddled with exciting events. Today, one of the recently launched DeFi tokens, YFI, brings returns upwards of 35,000% to those...Read More
Stablecoins have become the “staple food” of the cryptocurrency industry as they make the on/off-ramp easier and faster. Hence, stablecoins play a vital role in understanding the health of the cryptocurrency ecosystem. This article takes a look at the stablecoin market over the last 5 months and tries to understand the changes, be it an...Read More
According to many in the crypto-market, the altseason may be soon upon us. That may be the case, however, the fortunes of these altcoins continue to be tied at the hip with that of Bitcoin. The latest price hike in the latter’s value was a case in point, with cryptocurrencies like Tron and Zcash climbing....Read More
Despite the fact that the market’s altcoins have done well lately, the fact of the matter is that Bitcoin, the world’s largest cryptocurrency, continues to hold a market share of over 60%, a share owing to which it has high correlation indices with the rest of the market. However, the effect of BTC’s movement, especially...Read More
The altcoins market’s recent price movement may lead many people to believe that an altseason is indeed on its way. However, despite such hopes, the effect of Bitcoin’s price fortunes continues to be profound. The last few days were a reflection of that, with the rest of the market taking Bitcoin’s lead to record significant...Read More
The appreciation in Bitcoin’s price a few days ago had a profound effect on the value of the crypto-market’s altcoins. This was to be expected since despite many expecting an altseason in the near-term, the world’s largest cryptocurrency remains highly correlated to the rest of the market. At price time, Bitcoin’s price stood at $9510...Read More
The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market cap has led many to believe that U.S dollar-pegged centralized digital assets will have a major say in Bitcoin‘s future. Now, when it comes to stable assets,...Read More
Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value. While this may not sound like a lot for a whole week of trading, it’s important to remember...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Binance Coin market and its impact on BNB’s price With Bitcoin going over $9,500 earlier this week, the rest of the coin market saw a substantial boost. Binance Coin, was one of the major beneficiaries of this hike, and at press time,...Read More
Disclaimer: The following price analysis is witnessing a bearish breakout that should continue over the next 24-hours. In line with the rest of the cryptocurrency industry, Bitcoin SV was able to recapture some of the bullish momentum evident in the past few days. However, the returns were nothing to be excited about as the token...Read More
Anthony Ghosn, the son of former Nissan boss Carlos Ghosn, revealed to prosecutors that he paid about $500,000 in cryptocurrency to one of the two men who helped Carlos break free from Japan. Carlos Ghosn’s Son Transferred Half a Million in Cryptocurrency Through Coinbase According to Reuters, US prosecutors said in a court filing that...Read More
The cryptocurrency market noted a minor resurgence a few days ago after Bitcoin, the world’s largest cryptocurrency, broke from its stagnant price movement to post gains. The altcoin market was quick to follow, with the resurgence coming at a good time for the likes of altcoins such as Bitcoin Cash, Tezos, and STEEM. Bitcoin Cash...Read More
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However, with stablecoins growing, the distribution and...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Chainlink market and its impact on LINK’s price The unwillingness of the market’s ninth-largest cryptocurrency, Chainlink, to align with Bitcoin’s price trend has made it one of the industry’s best-grossing assets. While the market rejoiced in the return of little volatility in...Read More
Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for...Read More
Bitcoin is on the move again on the charts, with the world’s largest digital asset rising to briefly touch its resistance at $9559. At press time, BTC was trading at $9496 with a 24-hour trading volume of $17.28 million. Source: Coinstats With many of the market’s altcoins joining the bandwagon (Ethereum, for instance, hiked by...Read More
In a previous Tezos analysis, a short position with a risk-to-return ratio of 1.69 was provided. The price not only followed through with short targets, but headed even lower [$2.77], providing total profits of 13.84% if the position stayed open. At the time of writing, Tezos [XTZ] was trading at $3.06, with its price registering...Read More
The latest price movement in the Bitcoin market pushed the price of the cryptocurrency over $9.5k, with the altcoin market also mirroring its gains soon enough. However, compared to the world’s largest digital asset, the altcoin market has been noting some pressure building up, making many alts take the bearish journey going forward. XRP Source:...Read More
It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
Disclaimer: The following price prediction foresees a little bit of volatility as a breakout may occur under a week. After its recent ascend to over $0.193, XRP was able to resist an instant correction below the support, but over the past few days, the asset was hinting towards the possibility of a dip. With the...Read More
Over the past 24-hours, Bitcoin finally registered a stark price increase in the charts after collapsing on 16th July. Currently, Bitcoin has a trading price of $9353 and a 24-hour trading volume of $6.1 billion and few of the altcoins followed its cue. Source: CoinStats However, the same cannot be said for all the assets,...Read More
